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The rise in basic equipment orders in March, however, suggests a recovery in corporate spending in the coming months.
It also implies some stabilization of manufacturing activity, which has been hampered by the reduction of $ 1.5 trillion in tax measures and supply chain disruption caused by the Washington trade war. to China.
In March, machinery orders rose 0.3% after a 0.7% drop in February. Orders for computers and electronic products rose 2.2%. Orders for electrical equipment, appliances and components have also increased. But orders for primary metals fell, as well as metal products.
Overall orders for durable goods, ranging from toasters to airplanes, are expected to last three years or more, rising 2.7% in March, following a 1.1% decline the previous month. Transportation equipment orders rebounded 7.0% after dropping 2.9% in February.
Orders for motor vehicles and their parts rose 2.1% in March. Orders for non-defense aircraft jumped 31.2% after a 25.4% drop in February.
Boeing has announced on its website that it has received 44 aircraft orders, up from just five in February. No command was recorded for his 737 Max device in difficulty. The 737 Max, Boeing's best-selling aircraft, was grounded in March after two fatalities in five months.
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